Buy Aave (AAVE), it’s easy!

What is AAVE? A perfect example of how to make DeFi loans. Follow its price on Young Platform.

What is Aave ?

AAVE is one of DeFi’s historic projects, created with a very simple purpose: to enable cryptocurrency lending between users in a decentralised way. Recognised by all as one of the most user-friendly DeFi protocols, AAVE offers great interest rates to borrowers, as well as earnings for liquidity providers. In 2021, its pools support 28 different cryptos, placing it in first place as a DeFi platform by value deposited in its protocol.

Why buy Aave ?

One of Aave’s flagship products are ‘flash loans’, which have been touted as the first uncollateralised lending option in the DeFi space. Another big selling point is that borrowers on Aave can alternate between fixed and variable interest rates depending on what suits them. Compared to younger and more famous competitors, AAVE remains a benchmark in the DeFi world and is unlikely to be overshadowed.

How was it created?

Aave was created in 2017 by Stani Kulechov, who developed it while studying Law at the University of Helsinki. The company that oversees it is based in Switzerland and, unlike many other crypto foundations, is a for-profit organisation.

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